Mortgage Tips

Are the top six banks taking advantage of you? Do you need help in finding the best mortgage rates? or best mortgage products? We do business with smaller financial institutions to bring you an alternative solution and best mortgage rates. Our service is Free. Contact one of our mortgage brokers, and we'll walk you every [...]

Find out how To Pay Off your mortgage sooner Paying Off Your Mortgage sooner Having a residence may be incredibly costly depending on where you live. Most homeowners need to take out a mortgage to finance the purchase of their real estate investment in case they're not able to buy it outright. Though mortgages [...]

What is Mortgage default Insurance and how does it affect you? Mortgage default insurance, also known as CMHC insurance, is mandatory for Canadian homeowners who have a downpayment of more than the absolute minimum of 5% and less than 19.99%. Put simply; mortgage insurance is a way to protect the mortgage lenders, in the event [...]

Many first-time home buyers are surprised to discover just how many ways you can mess up the home financing when buying a home. You may received your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need to be extremely careful until the sale [...]

By skyfinancial|2017-12-07T19:21:59+00:00December 7th, 2017|Mortgage Tips|Comments Off on What you need to know before buying a home

The Canadian Real Estate Association (CREA) recently reported that February home sales across Canada rose 5.2 percent on a month-over-month basis to reach a level that’s just 0.8 percent below the highest peak ever seen in April 2016. There have been reports on the likelihood of policy intervention by different levels of government to address [...]

More complex mortgage rules boost the value of mortgage brokers. The last quarter of 2016 brought considerable change to Canada’s residential mortgage business. In October, the Department of Finance Canada announced new mortgage rules that have had a tempering effect on the market. Then, in late December, the Office of the Superintendent of Financial [...]

Since the financial and housing crisis that gripped the world in the middle of the last decade, governments across the world have tightened regulations in an effort to reign in lending, and make the market more stable. Here in Canada, we did not suffer the same consequences of the U.S. housing crisis, but over the [...]

By skyfinancial|2017-01-04T01:02:16+00:00July 22nd, 2015|Mortgage Tips|Comments Off on What the New Mortgage Landscape Means for You

Applying for a mortgage can be a worrying time for those looking to get onto the property ladder. There are countless myths about getting a mortgage in Canada - let’s look some of those myths and the truth behind them. Myth - You need a down payment of at least 25% to be accepted for [...]

By skyfinancial|2015-07-08T16:44:36+00:00July 8th, 2015|Mortgage Tips|Comments Off on Debunking Some of the Top Canadian Mortgage Myths

With mortgage loans considered by banks and customers to one of the safest there is, mortgage loans have traditionally been among the most popular types of loans taken out by people. For that same reason many people choose to renew their mortgages once the term of their previous one has ended. Mortgage renewal is one [...]

By skyfinancial|2017-01-04T01:02:16+00:00June 2nd, 2015|Mortgage Tips|Comments Off on Everything You Need To Know About Renewing Your Mortgage

Applying for a mortgage is probably one, if not the biggest financial commitments you will ever make. That’s why you need to have the right partner on your side as you search for the best mortgage. Although many people have always turned to their banks for this, working with a mortgage broker is by far [...]